George Osborne to cut corporation tax to 15% - Economia

Jonathan Isaby, chief executive of the TaxPayers’ Alliance, said Osborne was “absolutely right” to be considering a big cut to corporation tax, as it would show that the UK is “ready to seize new opportunities in the global economy.”

On Friday Osborne admitted defeat and abandoned his target of achieving a budget surplus by 2020.

He said that the UK had to be “realistic” about the likelihood of achieving the target given the referendum result and the expected “significant negative shock for the British economy”.

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Welcome to the TPA

Welcome to The TaxPayers' Alliance, Britain's grassroots campaigning group dedicated to reforming taxes, cutting spending and protecting taxpayers. If you like what we do, become a supporter now by signing up to our mailing list using the form below. John O'Connell, Chief Executive